Colorado new business filings grow in 2017; slower job growth expected in 2018

The concept of job slowing growth in Colorado was also predicted in October

Author:
Denver Business Journal

Published:
8:57 AM MST January 23, 2018

In the latest quarter, new business filings in Colorado grew almost 10 percent from the previous year.

That's according to new data released this week by the Colorado Secretary of State and the University of Colorado Leeds School of Business.

According to the data, over the last 12 months there were 117,648 new businesses that filed with the Secretary of State's office.

"Given the relationship between new business filings, new business formation, and employment growth, the increase in filings points to job growth in the state for the near term in 2018," according to the report, which also cautioned "Colorado will add jobs at a slower pace in 2018."